Plan Ledger DOL Form 5500 · updated monthly

Amana Society401(k)

AMANA SOCIETY 401(K) PLAN · AMANA, IA · plan year 2024

Reported admin expense ratio · 2024
0.23%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Amana Society reported $32,798 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,073 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.27% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Iowa (477th of 878), and 6,946th of 13,661 in manufacturing. In 2024, employees put in $3.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,509,239
Participants with balances145
Active participants151
Employer contributions$162,073
Employee contributions$642,773
Employer contribution per active participant$1,073
Average account balance$106,960
Benefits paid to participants$349,400
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN THIELEN & CO., LTD
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 145 accts · $162K emplr
2023$13.0M · 146 accts · $155K emplr
2022$9.8M · 148 accts · $145K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,798
Total administrative$32,798
The Amana Society 401(k) match · 2024
Employer contribution per active participant$1,073
Median for plans this size$2,416
2024$1,073 per active participant
2023$1,128 per active participant
2022$1,021 per active participant

Amana Society's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$32,798

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$32,798 · 0.23%
2023$28,188 · 0.25%
2022$27,445 · 0.27%
Same employer
Similar plansManufacturing · Iowa
Frm Socks LLC IA$17.1M · 0.49%
Raining Rose, Inc. IA$15.7M · 0.24%
Hwh Corporation IA$15.5M · 0.05%
Aml Riverside, LLC IA$15.0M · 0.40%
Sudenga Industries Inc IA$14.9M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420112280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.